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ViaBTC Increases Commission for Cloud Mining

January 18, 2018 | By | 3 Replies More

ViaBTC Increases Commission for Cloud Mining – The Chinese Mining Pool of the ViaTCC for reasons of tightening the regulation of the country’s crypto currency, announced changes in the payments for cloud mining services. The support coefficient for the cloud-mining contract increases with the AntMiner S9 from 6% -50%.

Need to Know: 13.8% of the world’s combing capacities fall on the mining pool of ViaTTC.

This changes is also connected with the lack of resources for cloud-based mining in China.

ViaBTC Increases Commission for Cloud MiningViaBTC Increases Commission for Cloud Mining

  • Today, there is a crisis of farm closure, as resources are scarce, and this raises the cost for cloud mining services.
  • Also, reduce the number of benefits for electricity, land rent and other services for companies that are associated with the crypto currency.
  • The government wants to control the mining in the country because of which many specialists are going to other countries in search of alternative solutions for doing business.
  • Miners can apply for termination of cloud mining contracts using AntMiner S9 until January 18. Contracts AntMiner D3 & L3 remains without changes = near 6%, but contracts can’t be completed yet.

ViaBTC websites:

To be continue…

Category: News

Comments (3)

  1. John says:

    Of course, the increase in interest is huge. There are Chinese have not rebelled for the fact that the cloud storage uses such a percentage? If they have a crisis on farms, then this is no reason to raise the percentage! It is necessary to solve the problem from the inside, not from the outside, so many can just stop using the service. At least for the miners remained the same.

  2. Ronda says:

    You know, I think they’ve taken the wrong stand. First, if they have a crisis, you do not need to increase the percentage, but the problem is about and people who cooperate with them. Because in the end they can just lose those they trusted all the time because of such negligence. Imagine how much will be perturbations of the citizens, if they are used to pay one percent, and now he’s been promoted.

  3. Temirlan Dyuzhev says:

    The question I am still left with though, is why this currency has value? Like I get that the value is representative of “work done” in the form of mining code or whatever, but why does mining this code create currency that actually carries value? People say things like “it’s representative of the investment made in time, hardware and electricity by an individual” but that still doesn’t explain where the value of the currency came from. If nobody is paying people to do these math problems then why are they being paid for doing these math problems?

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Comments (3)

  1. John says:

    Of course, the increase in interest is huge. There are Chinese have not rebelled for the fact that the cloud storage uses such a percentage? If they have a crisis on farms, then this is no reason to raise the percentage! It is necessary to solve the problem from the inside, not from the outside, so many can just stop using the service. At least for the miners remained the same.

  2. Ronda says:

    You know, I think they’ve taken the wrong stand. First, if they have a crisis, you do not need to increase the percentage, but the problem is about and people who cooperate with them. Because in the end they can just lose those they trusted all the time because of such negligence. Imagine how much will be perturbations of the citizens, if they are used to pay one percent, and now he’s been promoted.

  3. Temirlan Dyuzhev says:

    The question I am still left with though, is why this currency has value? Like I get that the value is representative of “work done” in the form of mining code or whatever, but why does mining this code create currency that actually carries value? People say things like “it’s representative of the investment made in time, hardware and electricity by an individual” but that still doesn’t explain where the value of the currency came from. If nobody is paying people to do these math problems then why are they being paid for doing these math problems?

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